Also nice to see the second oldest publicly listed company on the ASX up the top of the register - $11bn Washington H. Soul Pattinson. These guys typically conduct very rigorous DD as are LT insto capital...
As for peer comparison, very cheap for a phase 3 biotech + I like their shorter term strategy to commercialise their molecule as a cosmeceutical product (C. USD multi bn end market without the need for a phase 3 trial to register and sell based on the existing data).
Then we have another multi billion end market subject to successful Phase 3.
Tissue Repair Ltd IPO 2021, page-12
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